futuroexpat
American looking for information about Colombia
Forum posts
122
About me
American
Registration: 23 June 2022
A right wing candidate was elected president: Now what? by mtbe
To start a new thread on Mr Opara's question from another thread: Now what?Personally...too early to tell. Many were worried about Petro (including myself), but much of it was overblown. Many of the concerns of el Tigre, I think, are overblown as ...
ICE does remove Colombians illegally from the United States even when they have no criminal records. There have also been documented instances of wrongful deportations and targeted expulsions of people with protected statuses. Masked ICE agents in ... Read More
A right wing candidate was elected president: Now what? by mtbe
To start a new thread on Mr Opara's question from another thread: Now what?Personally...too early to tell. Many were worried about Petro (including myself), but much of it was overblown. Many of the concerns of el Tigre, I think, are overblown as ...
We don't have to speculate. Just hours after the election Abelardo de la Espriella and U.S. Senator Bernie Moreno (R-OH) reached an agreement on deportations, mandating that any Colombian citizen requesting asylum in the U.S. should return to ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@mtbe ... Inflation down, unemployment down, minimum wage up to strengthen the economy (people have more money to spend to support businesses), record-breaking figures in international tourism and increased agricultural/industrial exports, increased ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
If you moved your money out of Colombia and put your money into USD instead of COP, you are losing money. Just since mid-January, the US dollar has fallen 9% against a basket of currencies, a steep decline, to its lowest level in three years — ... Read More
A Check on Petro's Economy Two Years In by futuroexpat
OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data:Construction and ...
Even more amazing what Petro has accomplished when congress will not even pass a budget to fund national goals for all of Colombia. But that will boomerang back on the party that would not pass a national budget. Your argument on Argentina is based ... Read More
A Check on Petro's Economy Two Years In by futuroexpat
OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data:Construction and ...
@mtbe ... You should not mention Milei and Petro in the same post. Milei is destroying Argentina's economy. BUENOS AIRES, Dec 12 (Reuters) - Argentina's economy is expected to have contracted 2.6% in the third quarter of 2024 versus a year earlier, ... Read More
A Check on Petro's Economy Two Years In by futuroexpat
OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data:Construction and ...
@jstrain ... I agree. The Economist has a track record of independent journalism having started publication in 1843! Read More
A Check on Petro's Economy Two Years In by futuroexpat
OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data:Construction and ...
Petro is leading Colombia in the right direction. Colombia ranks as the sixth-best economy among member countries of the Organization for Economic Co-operation and Development (OECD) in 2024, according to a ranking by the British magazine The ... Read More
A Check on Petro's Economy Two Years In by futuroexpat
OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data:Construction and ...
@ChineduOpara ... the IPC (index of consumer prices) in August 2024 registered 0% change from July 2024, zero inflation. That does not mean there is zero annual inflation in Colombia, just that things didn't change last month. You can confirm this ... Read More
A Check on Petro's Economy Two Years In
OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data:Construction and ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
I just checked and the exchange rate is COP$4091, down 60 pesos from the COP$4151 of June 21, which indicates a strengthening of the COP.So, if you want to blame "Petro's policies" which are really reforms and laws approved by Congress, then how do ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
Of 140 currencies in the world in 2023 the COP has been strongest against the USD. The appreciation of the Colombian peso against the USD contributed to generating less pressure on imported products that are part of the family basket ("canasta ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@Lpdiver ... I used the date the thread began and today's date. Neither one is "cherry-picked" ... The first date was chosen by ccmedia, not by me. Today's date is today's date, the date that has to be chosen to determine devaluation of the US ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@OsageArcher ... Would you mind sharing the currency depreciation formula you used to arrive at 23.4% instead of 30.6% ? If I am in error I don't want to repeat the same mistake.P.S. Regarding your reference to "long-term" ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@cccmedia ... Thank you for keeping us on track. I presented some hard data on Banco de la República lowering interest rates. A strong COP is the sign of a well-managed economy. When the COP is strong, it reflects good management and ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@Lpdiver says "It's called credit..."mbte says: "I guarantee that 98% of the people who live here have never been to the two closest malls."Since allegedly 98% of Colombians (according to sources on this forum) are living an economic nightmare, it ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
"people are living the nightmare"Yes, let's keep it real. The parking lots at shopping centers are so full people have trouble finding a parking spot, people have to wait in lines to get into Crepes and Waffles, and so many people own cars (and ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
As far as the economy affecting "the locals" here is a fact: Inflation has been coming down in Colombia for 8 consecutive months, even after taking into account the tax on ultraprocessed foods, even after taking into account gasoline prices and ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@mtbe ... Petro's proposals are not just "being worked on" ... they were debated for four months and are now moving forward for the change Petro promised.After 4 months of debates the Congress voted to move forward Petro's proposals for health ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@ChineduOpara ... Thanks for letting me know. I have been guilty of letting people know about the 17% CDT in Medellín, and then the 15% CDT in Bancolombia. But now the rates are going down, so those high rates are no longer available if you ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
OMG! USD still at 3983 on Dec 10, 2023, 12:19 UTC. I am beginning to think the 16 month decline in USD compared to COP may not be a "short term blip." Ignoring a long term trend and keeping your money in a losing currency like the USD may not be ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@cccmedia ... There are standard formulas to calculate COP currency valuation given the base currency of USD. For the formula I used the figure you cited that began this thread: 5092 and the current figure you cited: 4067 (SOURCE OF TODAY'S ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
In the last week the USD has gone down 2.79% and in the last year USD has gone down 13.21% Such a sustained strengthening of the COP, in the last 16 months since Petro was elected, never happened under any of the previous Colombian presidents of the ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
"The Dollar was taken off the gold standard in 1971 ..resulting in the USA having the ability to expandDollars in circulation through the unilateralexpansion of debt, a.k.a. printing new money."--ccmediaTaking the dollar off the gold standard has ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@ChineduOpara ... Poverty in Colombia has gone down since the 1990s. Poverty is defined as living on less than USD$5 per day. Here is a chart showing the decline of poverty in Colombia.https://www.macrotrends.net/countries/COL/colombia/poverty-rate Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
The USD is strong. The US economy is strong. Compare US inflation rate to OCED developed country rates. Compare growth to OCED countries. Today's 3900 COP/USD rate is not due to a weak dollar or a weak US economy. Today's 3900 is due to a strong ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
When this thread started the dollar exchange started with a 5 (in the five thousand range). Then it fell to COP strength to start with a 4 (in the four thousand range). Today it starts with a 3. Read More
Student visa questions by acpr
I've got three main questions basically, though the first isn't about studying. If I'm not mistaken, there are only two ways (marriage excluded) to extend one's stay in Colombia without leaving the country. Study Spanishapply for the Digital Nomad ...
Maybe it is this: if you are out of Colombia more than 180 consecutive days your visa becomes invalid. That is the case for the M1 visa (marriage visa) Read More
Certificate of Deposit (CDT) -- 17 % annual return? by cccmedia
On an obscure Expat.com thread concerningpotential USA debt default, a poster suggestedinvesting in a Certificado de Depósitode Término (CDT) at one of the Colombianfinancial institutions.According to a list e-published at ...
@mtbe … bragging? More like celebrating. I am glad you are also getting 15% CDT with Petro as president. Poverty was not the creation of Petro. Presidents who minimized government by privatizing for profit perpetuated poverty. Those days are ... Read More
Certificate of Deposit (CDT) -- 17 % annual return? by cccmedia
On an obscure Expat.com thread concerningpotential USA debt default, a poster suggestedinvesting in a Certificado de Depósitode Término (CDT) at one of the Colombianfinancial institutions.According to a list e-published at ...
Nothing about income was ever mentioned. All I had was money and a cédula. Read More
Certificate of Deposit (CDT) -- 17 % annual return? by cccmedia
On an obscure Expat.com thread concerningpotential USA debt default, a poster suggestedinvesting in a Certificado de Depósitode Término (CDT) at one of the Colombianfinancial institutions.According to a list e-published at ...
@ChineduOpara … I would say yes you can. Sí se puede!The only caveat is the bank took from me a small “retención de la fuente” … so the final interest payment was slightly less (maybe 0.5% to 1% ... Read More
Certificate of Deposit (CDT) -- 17 % annual return? by cccmedia
On an obscure Expat.com thread concerningpotential USA debt default, a poster suggestedinvesting in a Certificado de Depósitode Término (CDT) at one of the Colombianfinancial institutions.According to a list e-published at ...
Last week I got a Bancolombia CDT for 14.97% effective annual rate. To get that rate the CDT had to be opened virtually through my Bancolombia savings account and the term had to be 359 days.I am a happy camper in “communist” (LOL) ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
USD fighting back, gaining a little, but still far from the USD$1 = COP5000+ in Nov 2022. Today at USD$1 = COP$4108 as of 12:00:00 UTC Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@cccmedia ... Just before the USD went over 4000 COP Fitch Ratings downgraded the United States of America's Long-Term Foreign-Currency Issuer Default Rating."Fitch Ratings - London - 01 Aug 2023: The rating downgrade of the United States reflects ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
YEAR TO DATE REPORT ON USD COP EXCHANGE RATEIf you sold US Dollars and bought COP Colombian Pesos, you would now have booked a 25% gain year to date. If you sold COP and bought US Dollars... lo siento por su perdida... (sorry for your 25% loss). ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
The U.S. dollar weakened modestly in 2023, but has stabilized in recent months due to the strength of the US economy (outpacing G7 nations) under President Biden. The US Dollar is strong against other currencies, but the Colombian peso is stronger. ... Read More
FBI BACKGROUND CHECK by Remo Zimbaldi
Hi folks. My name is Ken. After nearly 18 months of researching anything and everything about becoming an expat in Colombia,and getting nothing but a barrage of conflicting and/or outdated information, I decided early in 2023 that my best approach ...
@USAmario ... What if you were fingerprinted 50 years ago in the 1970s, before computers existed in offices? Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
"The main challenge for me is, where to keep my stuff while I am out of Colombia."In Medellín and Bogotá and maybe other cities there are "U-Storage" units (minibodegas) that are places where you can store your stuff. I don't know ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@ChineduOpara ... "And they keep raising rent every time the lease renews. Bummer."A realtor told me that you can just refuse to pay rent increases. Tell them you are willing to stay, but at the current payment. An owner may be willing to keep a ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@Mr. Barley ... Did he say why COP3800? Why not 3900? Or 3700? These pronouncements seem so arbitrary. But then again, that is what makes financial commentary so easy. It's mostly just opinions and anyone can have one. Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@ChineduOpara ... For those of us with income in COP this is not bad news. I receive income in pesos in COP and spend pesos in COP. I could buy USD dollars for less COP pesos right now, but I want to keep COP pesos in Colombia (earning 14.5%) ... ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@OsageArcher ... You wrote "25 years" and you wrote "30 years" ... You did not write 50 years, you did not write 10 years. Your numbers were 25 and 30. Those are the numbers I was referring to as your numbers. (without any twisting required!) From ... Read More
Pereira or Armenia? Where to retire to! by J L Barrera10
Good morning, Y'all! I'm a U.S. citizen! Born and raised in south Texas but have lived and worked almost all of my adult life in Houston Tx. Married my Colombian sweetheart (from Cali) last year after bringing her to the U.S. in 2021. I'm now less ...
I heard there is a cohort of Colombians about to retire who are buying up properties in the northern sector of Armenia. They come from Bogotá, Medellín, and Cali. That Colombians from big cities choose Armenia to retire to seems a ... Read More
Getting a Colombian Passport by Zooldrool
Hi All, I will be eligible to apply for a Colombian passport next year. I've read that part of the process includes a test and "basic?" Spanish oral. Has anyone recently done this?. How "basic" is the Spanish test?. I am terrible at Spanish and ...
To get a Colombian passport first get a resident visa, wait five years, apply for citizenship, take the test (if you are younger than 65), then as a Colombian citizen apply for a passport. I am still working on getting a resident visa. Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@OsageArcher ... I did not pick the starting point for this topic, November 4, 2022. It was started by ccmedia and I used the starting date and the starting figure cited by ccmedia ... 5092. Now USD Dollar is 4058 as of Jul 15, 2023, 15:26 UTC ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
Since the beginning of this topic by ccmedia, when the rate was COP 5092 to 1 USD in Nov. 2022, the USD has consistently lost compared to COP, now a USD loss of 1007 COP. (5092-4085) (Source: xe.com Jul 15, 2023, 05:08 UTC)As lpdiver noted above, ... Read More
An expat social media influencer said what? by Mr. Barley
When an influencer says something interesting that needs to be documented, and possibly rebutted, this thread serves that purpose, at least for me. Of course, I only follow a handful of Youtube channels at this time, although that may need to change ...
Hey Mondo was a no-go from the start because they did not offer policies to elderly people. Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
November 4, 2022, the rate is 5092 Pesos to the Dollar.July 7, 2023, the rate is 4155 COP to USD. (Source: xe.com)USD has lost 18.4% of its value to purchase COP.An eight-month long downward slide for USD. This macroeconomic phenomenon of USD ... Read More
An expat social media influencer said what? by Mr. Barley
When an influencer says something interesting that needs to be documented, and possibly rebutted, this thread serves that purpose, at least for me. Of course, I only follow a handful of Youtube channels at this time, although that may need to change ...
@Mr. Barley ... Wes received death threats from "Christian" relatives of his ex, so it might be good for Wes to leave Colombia for a while. Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
The USD fought back and gained seven pesos, (30% of its previous week's loss), against the COP this past week. The USD struggled but could not make up the other 70% of its loss to COP.4168 ... 2023-06-24, 12:00:00 UTC4175 ... 2023-06-30, 21:34 ... Read More
Certificate of Deposit (CDT) -- 17 % annual return? by cccmedia
On an obscure Expat.com thread concerningpotential USA debt default, a poster suggestedinvesting in a Certificado de Depósitode Término (CDT) at one of the Colombianfinancial institutions.According to a list e-published at ...
I just received this information from my bank, Bancolombia."Mira tus ahorros crecer con Inversión Virtual(watch your savings grow)Al invertir por más tiempo, recibes más plata. [hasta 14,5% E.A.](longer term, more money)Recibe ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
A happy Saturday June 24, 2023 to all. It's good to be alive!Today the USD made a big 23 COP comeback, fighting its way from 4145 to 4,168 COP though the USD is still weak and cowering in fear of the mighty COP. The COP will erase those 23 COP gains ... Read More
Are Colombia expats underpaying their EPS obligation? by Mr. Barley
intentionally or not, I have routinely seen expats stating they are paying the minimum required by law for independents, which is $1,160,000 x 12.5% = 145,,000 pesos. 145,000 pesos at conversion rate of 4,100 to 1$ = 35 U.S. dollars.Not ...
Mr. Barley, I do not know the laws and I do not know how to calculate a monthly EPS payment because my visa is M1. I don't remember having to report any USD income. When I applied I reported my Colombian income because my visa is M1. I have a ... Read More
Are Colombia expats underpaying their EPS obligation? by Mr. Barley
intentionally or not, I have routinely seen expats stating they are paying the minimum required by law for independents, which is $1,160,000 x 12.5% = 145,,000 pesos. 145,000 pesos at conversion rate of 4,100 to 1$ = 35 U.S. dollars.Not ...
My 2023 monthly payments to my EPS are COP$135.700,00 which at today's exchange rate of COP$4117 comes out to USD$32.96, which apparently is in the ballpark (between USD$30 and USD$35, as ccmedia said).P.S. I am not afraid of DIAN or paying taxes to ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
Under Petro Colombia’s economy grew at 8% last year. Under Petro Colombia's oil and carbon industry (which make up 55% of its exports) have benefited. For example, major energy companies like El Grupo Energía Bogotá had record ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
When I came to Colombia to live in the 1980s the USD to COP was at USD$1/COP$1000. I have had many years to hone my predictive excellence! LOL! For the last 30 years of presidents the trend has been a weaker COP... until Petro became president last ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
Seems like my hunch about the USD coming back was right. The COP is weakening. After hitting rock bottom on June 15 the COP was at 4148 and has now begun to lose strength against the USD.The COP, at 4166 on June 18, has changed by 18 in three days, ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
June 16 (Reuters) - Latin American currencies were on track for their fourth straight week of gains on Friday as the dollar headed for its biggest weekly slide since January.I have a feeling this USD downward trend is about to turn around. I have no ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
mtbe, what I reported was the factual part of the Reuter's article. I purposely did not include the speculation that is not factual, just opinion. I purposely left out the opinions like: "investors hope" ... "making it unlikely" ... "we believe" ... ... Read More
Returning to Colombia after 10 years: visas/residency by Cayari
Hi everyoneI am a British guy and have been married to a Colombian woman for 14 years now. 10 years ago we were living /working in Bogota, and went through various visa processes as I recall (all very easy at least compared to Brazil!), I was ...
You can download your Registro Civil de Matrimonio like this:1. Visit the web page of the Registraduría Nacional de Colombia.2. Choose the option: “Ingresar usuario público” and fill out the data requested.3. There will be ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
OsageArcher, Lpdiver, mtbe, thank you for your replies. That the USD gained against COP with Uribismo (2002-2022) is not in dispute. It must just be a coincidence that with Petro as president the COP is gaining on the USD. But to say: "The gains ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
To compare apples to apples and oranges to oranges, we need to look at the same period of time and compare Duque and Petro. For example, looking at the last five months with Petro and comparing with the same five month period with Duque. So ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
June 6 (Reuters) - The Colombian peso outpaced its Latin American peers on Tuesday, clinging to a 10-month high... With the recent gains, the [Colombian] peso has outpaced Mexico's peso MXN to become the best performing Latin American currency in ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
COP at 4596 on May 11, 2023.COP at 4259 on June 6, 2023 at 3:44 PM UTCIn one month the USD has shown a straight-line decline of 337, declining in value day after day after day, which I think is USD losing about 8% of its value in just one ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
The strong Colombia peso is at 4296, continuing to gain strength against the USD. Fitch Ratings speaks well of the Colombian economy. Watchword is stability."Inflation in April 2023 fell for the first time in several months and cost inflation is ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
Here are the 19 countries supposedly interested in joining the BRICS group of nations. Noticeably absent is Colombia (whose centrist president is called "leftist" by some).1. Indonesia2. Mexico3. Turkey4. South Korea5. Philippines6. Pakistan7. ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
USD could lose further value if Fitch Ratings lowers the USA credit rating. The debt ceiling deal does not save the USA from a possible lower credit rating. What counts is repeated brinksmanship, not the eventual last-minute outcome. Friday June 2, ... Read More
The importance of local language in Colombia by Cheryl
Hey everyone, As an expat, language questions often arise due to the need to communicate effectively in a new country. We’re curious to read your experiences with learning and using the local language in Colombia. Here are some questions to ...
I decided early on when arriving in Colombia that I would avoid the English-speaking expat community and keep trying to speak in Spanish.I decided early on that I was going to make lots of mistakes and would be laughed at, so I laughed at myself, ... Read More
The importance of local language in Colombia by Cheryl
Hey everyone, As an expat, language questions often arise due to the need to communicate effectively in a new country. We’re curious to read your experiences with learning and using the local language in Colombia. Here are some questions to ...
Thanks, Cheryl, for the prompt about language learning.Here is my story. I took a two week basic Spanish language course in Mexico before I first went to Medellín, thinking I could learn the emergency phrases I might need.In Mexico they ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@OsageArcher ... Over the last 30 years no Colombian president has proposed lessening dependence on oil. President Petro is the first president to do so because he is a visionary and sees the writing on the wall with respect to a gradual moderate ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@cccmedia ... But there is good news for the Colombian peso!The weakening US dollar has made Colombia's currency among the world's three-strongest. The COP gained 3.88% against the USD in April 2023. Thank you President Petro! I am so happy for ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@mtbe ... The Colombian Congress is helping President Gustavo Petro. ¡Vamos a vivir sabroso!BOGOTA, May 4 (Reuters) - Colombia's Congress on Thursday approved a $247.4 billion four-year development plan, paving the way for the government of ... Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
@drpeterjstanton ... The country's name is Colombia, not Columbia.BOGOTA, May 4 (Reuters) - Colombia's Congress on Thursday approved a $247.4 billion four-year development plan, paving the way for the government of leftist President Gustavo ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@Mr. Barley ... If it is true that Colombia ends the year at 4,600, it would indicate extreme economic stability with Petro as President.I was very happy to see in early 2023, under President Petro, the CDT yield was 17%. In 2022 under Duque (the ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
USD taking a nosedive, now below 4500 COP ... today at 4482 COP ... ooops down to 4480 while I was typing... headed to 4400 in the direction it is falling. Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
@Lpdiver ... Thanks for sharing. With your SS retirement income you can live like a king in Colombia. One thing I don't understand is this: "Colombia is not that much if ANY cheaper than living in Texas"My income is way less than yours. I could not ... Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
@Lpdiver says ... "Nothing to see here in my opinion, other than interesting theatre."So, you don't see the USD being devalued more compared to the Colombian Peso? Do you trust the government officials to resolve the situation before a recession, ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@mtbe says: "the money flows where it's safest...and just him being elected was enough for people to run."Out of Colombia? To USA Dollars? To the USA, a country suffering extreme dysfunction, where USA regional banks are failing? Where USA interest ... Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
@Lpdiver ... My mistake. Here is what led up to Jan. 19, 2023: On December 16, 2021, USA lawmakers raised the debt limit by $2.5 trillion to a total of $31.4 trillion. On January 19, 2023, that limit was reached, and the USA Treasury announced a ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
DOLLAR DRIFTS DOWNWARDAs noted by ccmedia: on Friday February 10, 2023 the U.S. Dollar was at 4796 Colombian Pesos. Today the U.S. Dollar is valued at 4526 Colombian Pesos, according to xe.com USD-COP charting.The U.S. Dollar has lost 270 pesos in ... Read More
Certificate of Deposit (CDT) -- 17 % annual return? by cccmedia
On an obscure Expat.com thread concerningpotential USA debt default, a poster suggestedinvesting in a Certificado de Depósitode Término (CDT) at one of the Colombianfinancial institutions.According to a list e-published at ...
You had to buy the Colombian CDT early this year to lock in the 17%. Now it has decreased to around 14%. Same thing happens in the USA. You have to buy at the right time.@drpeterjstantonBiden is not an idiot. Has more experience than any recent USA ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
foreign currency accounts all over the world,store gold bars in non-bank vaults,hold crypto and keep the ledgers in overseas vaults,have real estate and other investments overseas===================I have one foreign currency account in Petro's ... Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
I kinda diagree about saying default will not happen, that it is just political theatre.One reason I disagree is that the USA already defaulted Jan. 19, 2023 and is now in the “extraordinary measures” stage until June 1, 2023 at which ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
USD YUAN reality check.There are 195 countries in the world. Only 5 use YUAN as trading currency.There are 33 Latin American/Carribean countries. Only 2 use YUAN as trading currency (Brazil, Argentina).There are 12 South American countries. The same ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
OK. ccmedia's analysis may be flawed if we look at change over time comparing Duque and Petro administrations.Let's look at the performance of the COP the year before Petro, when Duque was president, from May 2021 to May 2022.Today is May 13, 2023, ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
4345Aug. 7, 2022 Petro inauguration 4345 COP to 1 USD4564May 13, 2023 after almost one year of Petro 4564 COP to 1 USDLooking at the exchange rate line over the past year, when it was clear Colombia would be governed by President Petro, the line is ... Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
@cccmedia ... You say: "I have seen nothing posted on this thread so farthat would persuade one to move most of his orher cash into a Colombian bank this month in theform of pesos."I would say there are two good reasons related to risk and return. ... Read More
Are Any Other US Expats Worried About a Debt Default? by karencds
I would imagine that the USD/COP rate would plummet. Is anyone else doing anything to prepare?
I am diversified between pesos in Colombia and dollars in the USA. If the dollar plummets, the pesos remain valuable. If the pesos devalue, dollars are valuable. I don't know what else to do... but I am not worried about it. My assets are minimal. ... Read More
Mig Check trouble by evel Knievel
Why will the Mig Check site NOT e-mail me? I have filled it out and it tells me I have been successful, but I never receive an e-mail with the code proving I have completed? Any helpful tips? Thank you
@evel Knievel ... American Airlines Read More
Mig Check trouble by evel Knievel
Why will the Mig Check site NOT e-mail me? I have filled it out and it tells me I have been successful, but I never receive an e-mail with the code proving I have completed? Any helpful tips? Thank you
When you have your data filled in, take a screen shot. When you get the success message take another screen shot. That worked as proof for me at the airport. Read More
Mig Check trouble by evel Knievel
Why will the Mig Check site NOT e-mail me? I have filled it out and it tells me I have been successful, but I never receive an e-mail with the code proving I have completed? Any helpful tips? Thank you
When the message comes up on your screen saying success or éxito, take a screen shot. That worked as proof for me in the airport. Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@OsageArcher ... "it was once predicted in the early days of the telephone that half the population would need to be telephone operators, by a straight-line extrapolation."The straight line extrapolation said 50% would be telephone operators? That ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@Lpdiver ... According to some "Straight-line extrapolations seldom occur in the money markets." Entonces, even less likely over a decade. Don't worry, be happy! Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
@ChineduOpara ... A stronger peso would be good for Colombians. A stronger dollar is good for expats. Some are happy when it fluctuates up, others are happy when it fluctuates down. So, the fluctuations in monetary values make everyone happy at one ... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
As my right-wing friends are fond of saying: "Straight-line extrapolations seldom occur in the money markets, until they do." Black swans and all that... Read More
The US Dollar Vs. The Colombian Peso ............. Who's Up? Who's Down? by cccmedia
Weekly close a record.For the first time ever, the exchange closed forthe week with the U.S. Dollar above 5000 Pesos.The closing value for the week endedNovember 4, 2022, is 5092 Pesos to the Dollar.Source... xe.com USD-COP charting
If the 300 pesos a month decline continues for the next 8 months, we will have a 2,000 to 1 exchange rate next year. Read More
Post-Covid-19 situation in Colombia by Mickael
Hello everyone, [b]The COVID-19 pandemic[/b] had a huge impact on the world, including on expats' lives. Travel restrictions, business closures, budget cuts, and health measures have created unprecedented challenges for those who have chosen to ...
Two out of last three trips the online check mig worked (though in all three the experience was stressful). In the unsuccessful case an airline employee called a manager who took the time to monitor the step by step process until it failed. Then, ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Colombia is not kicking murderers and rapists out of the jails. Some 5,000 female prisoners in Colombia who are either impoverished or the heads of single parent households will be freed in exchange for community service. Good Petro decision.Not ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
There is the option of moving out of Colombia to a perfect country. I tried that. But Colombia is like no other country. I can’t quit Colombia. I’m going for dual citizenship, EPS, DIAN, President Petro, the whole enchilada. Vamos a ... Read More